Legrand Raises Mid Term Targets
Legrand raised its medium term targets on Monday driven by stronger than expected growth in its data centre business. The French group now expects average organic revenue growth of six to eight percent per year between 2027 and 2030.
Xurve View
Insights:
Xurve View
LEGRAND SA lifted its medium-term organic revenue growth target to 6% and 8% annually through 2030, driven by data centre expansion. The France-based infrastructure group previously targeted a 3% to 5% range for 2025 through 2030. CEO Benoit Coquart cited surging artificial intelligence infrastructure demand as the primary driver behind the upgrade ahead of Tuesday morning's Capital Markets Day.
